Garware-Wall Ropes announced a sharp rise in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 79.80% to Rs 108.60 million from Rs 60.40 million in the same quarter last year.
Net sales for the quarter rose 14.93% to Rs 2,023.30 million, compared with Rs 1,761 million for the prior year period.
Vayu Garware, CMD, Garware Wall Ropes, said, ''With the uptick of positive sentiments in the market, we are pleased to report yet another positive quarter.''
''We are expecting the positive trend to continue in the second half of the financial year with significant gain in business from the agriculture, aquaculture and defence verticals,'' he added further.
Quarterly Results - Standalone (Rs in mn) |
As at | Sep - 14 | Sep - 13 | %Change |
Net Sales | 2,023.30 | 1,760.50 | 14.93 |
Net Profit | 108.60 | 60.40 | 79.80 |
Basic EPS | NA | NA | |
Shares of the company gained Rs 6, or 3.46%, to trade at Rs 179.25. The total volume of shares traded was 26,395 at the BSE (11.09 a.m., Tuesday).